Investing.com - Neles Oyj reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Neles Oyj announced earnings per share of €0.07 on revenue of €129.1M. Analysts polled by Investing.com anticipated EPS of €0.0706 on revenue of €128.65M.
Neles Oyj shares are up 10% from the beginning of the year, still down 2.72% from its 52 week high of €12.30 set on July 31, 2020. They are under-performing the OMX Helsinki 25 which is up 12.56% from the start of the year.
Neles Oyj follows other major Capital Goods sector earnings this month
Neles Oyj's report follows an earnings beat by Metso Outotec on Friday, who reported EPS of €0.08 on revenue of €925M, compared to forecasts EPS of €0.0729 on revenue of €976.1M.
Wartsila had missed expectations on April 22 with first quarter EPS of €0.04 on revenue of €946M, compared to forecast for EPS of €0.0502 on revenue of €1.03B.
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